Wednesday, January 9, 2019

Gustavo Coronel: "Delivering Alpha": a great book by Hilda Ochoa-Brillembourg

“Delivering ALPHA” is a book on finances, on how to invest and deliver Alpha, those financial returns that exceed a given bench mark index.  It is not a book on finance theory but a distillation of the methods utilized by the author, Hilda Ochoa-Brillembourg, to deliver Alpha for decades, while Chief Investment Officer at the World Bank and, later, as CEO of her own firm.  In the words of the author is a practical guide to building intelligent, sensible, and sensibly managed portfolios that will deliver Alpha consistently over time. 
This highly specialized subject would limit the reading of the book to those who share those arcane interests, right?
Well, wrong. I know nothing about the subject and probably never will.  As they say in my home country, Venezuela, old parrots do not learn to talk.  I have no money to invest in the markets, so I cannot profit from the wisdom of the author on the subject. Still, I have enjoyed this book immensely because it also happens to be a guide on how to live sensibly. The lessons learned by Ochoa-Brillembourg in her World Bank career and, later, in running her company, have direct and evident application to the manner we choose to live our lives.......

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